1515 Market sold for $85M

December 3, 2014

1515 Market Street (via Google Maps)

Accesso Partners LLC, the Florida firm formerly known as Beacon Investment Properties, has paid $85 million ($169/ft2) to Winthrop Realty Trust for 1515 Market St., a 502,000 sq. ft. office building whose tenants include Temple University, the Heffler accounting firm, state offices, and ground-floor Citizens Bank and FirstTrust branches, among others. In its sale offering, broker JLL said the building was 87% occupied.

Doug Rodio, executive vice president at JLL and part of the team that closed the deal, said there will be a string of additional Philadelphia-area building sales anounced before year’s end.